During the current year, Mr. and Mrs. West paid the following taxes: Property taxes on residence $1,900
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During the current year, Mr. and Mrs. West paid the following taxes: Property taxes on residence $1,900 Special assessment for installation of a sewer system in their neighborhood $1,000 State personal property tax on their automobile (based on value) $ 400 Property taxes on land held for long-term appreciation $ 600
What amount can the West deduct as property taxes in calculating itemized deductions for the current year?
a. $0
b. $1,900
c. $2,300
d. $2,900
e. None of the above
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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